AGCO Corp Q1 2024 10-Q Filing

Ticker: AGCO · Form: 10-Q · Filed: 2024-05-03T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, quarterly-report, agribusiness

Related Tickers: TRMB

TL;DR

**AGCO Q1 2024 10-Q FILED: Financials are in.**

AI Summary

AGCO Corporation reported its first quarter 2024 results for the period ending March 31, 2024. The company's financial performance for the quarter is detailed in this 10-Q filing. Specific financial figures and operational highlights are presented within the document.

Why It Matters

This filing provides investors with the official financial performance of AGCO Corporation for the first quarter of 2024, crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently present new risks.

Key Players & Entities

AGCO CORP /DE (company) — Filer
Trimble Inc. (company) — Mentioned in subsequent events
Trimble Ag Joint Venture (company) — Mentioned in subsequent events

FAQ

What is the reporting period for this 10-Q filing?

The filing covers the period ending March 31, 2024.

What is AGCO Corporation's Central Index Key?

AGCO Corporation's Central Index Key is 0000880266.

What is the company's Standard Industrial Classification code?

The SIC code for AGCO Corporation is 3523, which corresponds to FARM MACHINERY & EQUIPMENT.

In which state was AGCO Corporation incorporated?

AGCO Corporation was incorporated in Delaware (DE).

Are there any significant subsequent events mentioned in the filing?

Yes, the filing mentions subsequent events related to Trimble Inc. and the Trimble Ag Joint Venture, occurring on April 1, 2024.

From the Filing

0001628280-24-020216.txt : 20240503 0001628280-24-020216.hdr.sgml : 20240503 20240503132317 ACCESSION NUMBER: 0001628280-24-020216 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 94 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240503 DATE AS OF CHANGE: 20240503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AGCO CORP /DE CENTRAL INDEX KEY: 0000880266 STANDARD INDUSTRIAL CLASSIFICATION: FARM MACHINERY & EQUIPMENT [3523] ORGANIZATION NAME: 06 Technology IRS NUMBER: 581960019 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-12930 FILM NUMBER: 24912120 BUSINESS ADDRESS: STREET 1: 4205 RIVER GREEN PKWAY CITY: DULUTH STATE: GA ZIP: 30096 BUSINESS PHONE: 7708139200 MAIL ADDRESS: STREET 1: 4205 RIVER GREEN PARKWAY CITY: DULUTH STATE: GA ZIP: 30096 10-Q 1 agco-20240331.htm 10-Q agco-20240331 AGCO CORP /DE 0000880266 --12-31 2024 Q1 false P4Y P1Y P3Y http://fasb.org/us-gaap/2023#AccountingStandardsUpdate201613Member 9 1 1 1 0000880266 2024-01-01 2024-03-31 0000880266 2024-04-30 xbrli:shares 0000880266 2024-03-31 iso4217:USD 0000880266 2023-12-31 iso4217:USD xbrli:shares 0000880266 2023-01-01 2023-03-31 0000880266 2022-12-31 0000880266 2023-03-31 0000880266 country:TR srt:SubsidiariesMember 2024-01-01 2024-03-31 0000880266 country:TR srt:SubsidiariesMember 2024-03-31 iso4217:TRY 0000880266 country:TR currency:TRY srt:SubsidiariesMember 2024-03-31 0000880266 country:AR srt:SubsidiariesMember 2024-01-01 2024-03-31 0000880266 country:AR srt:SubsidiariesMember 2024-03-31 iso4217:ARS 0000880266 country:AR currency:ARS 2024-03-31 0000880266 country:AR agco:AGCOCapitalArgentinaSAMember 2024-03-31 0000880266 us-gaap:SubsequentEventMember agco:TrimbleInc.Member 2024-04-01 2024-04-01 0000880266 us-gaap:SubsequentEventMember agco:TrimbleAgJointVentureMember 2024-04-01 xbrli:pure 0000880266 agco:UnitedStatesCanadaEuropeandBrazilMember 2024-01-01 2024-03-31 0000880266 agco:UnitedStatesCanadaEuropeandBrazilMember 2023-01-01 2023-03-31 0000880266 us-gaap:TradeAccountsReceivableMember 2024-01-01 2024-03-31 0000880266 us-gaap:TradeAccountsReceivableMember 2023-01-01 2023-03-31 0000880266 us-gaap:OtherExpenseMember 2024-01-01 2024-03-31 0000880266 us-gaap:OtherExpenseMember 2023-01-01 2023-03-31 0000880266 srt:NorthAmericaMember 2023-12-31 0000880266 srt:SouthAmericaMember 2023-12-31 0000880266 agco:EMEMember 2023-12-31 0000880266 agco:APAMember 2023-12-31 0000880266 srt:NorthAmericaMember 2024-01-01 2024-03-31 0000880266 srt:SouthAmericaMember 2024-01-01 2024-03-31 0000880266 agco:EMEMember 2024-01-01 2024-03-31 0000880266 agco:APAMember 2024-01-01 2024-03-31 0000880266 srt:NorthAmericaMember 2024-03-31 0000880266 srt:SouthAmericaMember 2024-03-31 0000880266 agco:EMEMember 2024-03-31 0000880266 agco:APAMember 2024-03-31 0000880266 us-gaap:TrademarksAndTradeNamesMember 2023-12-31 0000880266 us-gaap:CustomerRelationshipsMember 2023-12-31 0000880266 agco:TechnologyAndPatentsMember 2023-12-31 0000880266 us-gaap:UseRightsMember 2023-12-31 0000880266 us-gaap:TrademarksAndTradeNamesMember 2024-01-01 2024-03-31 0000880266 us-gaap:CustomerRelationshipsMember 2024-01-01 2024-03-31 0000880266 agco:TechnologyAndPatentsMember 2024-01-01 2024-03-31 0000880266 us-gaap:UseRightsMember 2024-01-01 2024-03-31 0000880266 us-gaap:TrademarksAndTradeNamesMember 2024-03-31 0000880266 us-gaap:CustomerRelationshipsMember 2024-03-31 0000880266 agco:TechnologyAndPatentsMember 2024-03-31 0000880266 us-gaap:UseRightsMember 2024-03-31 0000880266 us-gaap:TrademarksAndTradeNamesMember 2023-12-31 0000880266 us-gaap:TrademarksAndTradeNamesMember 2024-01-01 2024-03-31 0000880266 us-gaap:TrademarksAndTradeNamesMember 2024-03-31 0000880266 srt:MinimumMember 2024-03-31 0000880266 srt:MaximumMember 2024-03-31 0000880266 srt:MinimumMember 2024-01-01 2024-03-31 0000880266 srt:MaximumMember 2024-01-01 2024-03-31 0000880266 us-gaap:LineOfCreditMember us-gaap:RevolvingCreditFacilityMember agco:RevolvingCreditFaci